Guinea-Bissau - Income

The US Central Intelligence Agency (CIA) reports that in 2001
Guinea-Bissau's gross domestic product (GDP) was estimated at
$1.2 billion. The per capita GDP was estimated at $900. The annual
growth rate of GDP was estimated at 7.2%. The average inflation rate in
2001 was 5%. The CIA defines GDP as the value of all final goods and
services produced within a nation in a given year and computed on the
basis of purchasing power parity (PPP) rather than value as measured on
the basis of the rate of exchange. It was estimated that agriculture
accounted for 54% of GDP, industry 15%, and services 31%. Foreign aid
receipts amounted to about $48 per capita and accounted for
approximately 32% of the gross national income (GNI).

The World Bank reports that in 2001 per capita household consumption (in
constant 1995 US dollars) was $202. Household consumption includes
expenditures of individuals, households, and nongovernmental
organizations on goods and services, excluding purchases of dwellings.
It was estimated that for the same period private consumption grew at an
annual rate of 9%. The richest 10% of the population accounted for
approximately 42.4% of household consumption and the poorest 10%
approximately 0.5%.

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